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So, here are seven steps for writing a perfect business plan.“Research and analyze your product, your market and your objective expertise,” William Pirraglia, a now-retired senior financial and management executive, has written.“Consider spending twice as much time researching, evaluating and thinking as you spend actually writing the business plan.“To write the perfect plan, you must know your company, your product, your competition and the market intimately.”In other words, it’s your responsibility to know everything you can about your business and the industry that you’re entering.
“Your marketing plan needs to have a section in which you allocate budgets for each activity planned," Entrepreneur says.When I started my payments company, I set out to conquer the world. By explaining why you care about your business you create an emotional connection with others so that they’ll support your organization going forward.I wanted to change the way payments were made and make it easier for anyone, anywhere in the world to pay anyone with few to no fees. To help with this process, document everything from your expenses, cash flow and industry projections.Also, don’t forget seemingly minor details like your location strategy and licensing agreements. (Infographic)A great business plan will always include a strategic and aggressive marketing plan.However, keep these alterations limited from one plan to another.This means that when sharing financial projections, you should keep that data the same across the board.But, if you want to attract investors, your plan will have a different purpose and you’ll have to write a plan that targets them so it will have to be as clear and concise as possible.When you define your plan, make sure you have defined these goals personally as well.“Although this is a diverse group, it is a finite one.And each type of reader does have certain typical interests.